Business & farm
In the partnership K-1 entry screens, follow these steps:
- At the screen Enter Box 20 Info, select Z-Section 199A information. Leave Amount empty. Click Continue. This tells the software that Section 199A information will need to be entered for the income previously reported.
- At the screen We see you have Section 199A income, select the appropriate income description. Click How would I know this? for more information.
- At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1.
You would enter Trade or Business - Ordinary Income (Loss) from this screen.
